IRL: Conseco to Become Primary Sponsor of Team Menard

CONSECO TO SPONSOR INDY RACING CHAMPS RAY, TEAM MENARD
LAKE BUENA VISTA, Fla., Wednesday, Jan. 5, 2000 -- Conseco, Inc.
(NYSE:CNC) announced Jan. 5 that it will become a primary sponsor of Team
Menard for the 2000 Indy Racing League...

CONSECO TO SPONSOR INDY RACING CHAMPS RAY, TEAM MENARD

LAKE BUENA VISTA, Fla., Wednesday, Jan. 5, 2000 -- Conseco, Inc.
(NYSE:CNC) announced Jan. 5 that it will become a primary sponsor of Team
Menard for the 2000 Indy Racing League season.

The announcement extends the relationship that has existed between Team
Menard and Conseco since 1995; Conseco was an associate sponsor in 1999.

"Working with two-time champions Team Menard represents a further
expansion of our long-term commitment to sports marketing and
motorsports," said Stewart Stockdale, Conseco executive vice president of
marketing and strategic planning. "These sponsorships fit perfectly into
our overall branding strategy, allowing us to connect with middle America
through a consumer-driven brand. Conseco and the IRL are important parts
of the Indianapolis community.

"As we expand our motorsports sponsorship, we couldn't have a better IRL
partner than Team Menard. Their professional and focused approach mirrors
our approach to business; we're proud to increase our support of the
team." In 1999, Team Menard won its second league championship for team
owner John Menard -- the team also took home the Indy Racing title for the
1996-97 season -- and the first championship for driver Greg Ray.

"I am extremely proud of the work our team did in 1999," Menard said. "The
intense excitement and pressure that comes with fielding an Indy Racing
League team keeps us focused on our work, and to win races makes the time
that much more rewarding. I am thankful to Conseco for its continued
support, and I look forward to extending our partnership."

For his work driving the Glidden-Menards Dallara/Aurora/Firestone race car
during the 1999 season, Ray took home the Lap Leader Award for leading 464
laps, the PPG Pole Master Award for capturing four poles and the Delphi
Halfway Award for leading at the halfway point in two races. Ray has
proven himself a prodigy on the track, considering that the 1997
Indianapolis 500 was the first time he tried an Indy-style car. He earned
his first career Indy Racing victory in 1999 at Pikes Peak, where he led a
total of 109 laps.

"We began the 1999 season knowing that we had what it takes to win," Ray
said. "We had a slow start, but gained momentum at Texas and pulled
together as a team to make it to Victory Lane three times. And now we'll
take the momentum of the '99 IRL championship into the millennium season
with Conseco right there with us every step of the way."

Headquartered in Carmel, Ind., Conseco is one of middle America's leading
sources for insurance, investment and lending products. Through its
subsidiaries and a nationwide network of insurance agents and finance
dealers, Conseco provides solutions for both wealth protection and wealth
creation to 12½ million customers.